EHGO vs NNOX: Correlation
Measured on weekly returns over the past three years, Eshallgo Inc. - Class A (EHGO) and NANO-X IMAGING LTD (NNOX) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EHGO and NNOX?
On 3 years of weekly data the EHGO/NNOX correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.33 versus -0.22 over 3 years. The 5-year figure is n/a, and annualized covariance runs at -2310.0 %².
Within EHGO's tracked universe of 66 assets, NNOX comes in at #38 by 3-year correlation. On 12-month performance NNOX holds a 11.5-point edge, -90.1% against -78.6%.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
EHGO vs NNOX: side by side
| EHGO (Eshallgo Inc. - Class A) | NNOX (NANO-X IMAGING LTD) | |
|---|---|---|
| 1-year return | -90.1% | -78.6% |
| 5-year return | n/a | -96.5% |
| Volatility (ann.) | 127.9% | 106.8% |
| Beta vs S&P 500 | -1.42 | 1.70 |
| Max drawdown (3Y) | -98.5% | -93.5% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EHGO | NNOX |
|---|---|---|
| 2022 | – | -49.2% |
| 2023 | – | -13.7% |
| 2024 | – | +13.0% |
| 2025 | -94.4% | -61.1% |
| 2026 | -65.9% | -69.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EHGO and NNOX good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between EHGO and NNOX?
The EHGO/NNOX correlation stands at -0.22 on a 3-year window (1 year: -0.33, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is NNOX a good diversifier for EHGO?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
A reading of -0.22 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ehgo-vs-nnox.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ehgo-vs-nnox/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EHGO correlations · NNOX correlations
